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951 W Balboa Boulevard

Newport Beach, CA 92661
  • $5,595,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: LG22121071
UPDATED: 27 min ago
$5,595,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Listing Agent(s): Victoria Lee of Compass () and Brad Barker of Compass(949-438-4340)


Description

Fabulous find- two homes on a lot! Designed for creating memories with space for big family gatherings, will also generate income with very rare and hard to find SHORT TERM RENTAL PERMITS. 2 newly remodeled 3 bedroom houses on an oversized corner lot just one house from the oceanfront with ocean and bay views. Both homes feature wide plank floors, Shiplap walls, KitchenAid stainless steel appliances, farmhouse sinks, white cabinets, beautiful tiled baths, new light fixtures, skylights, windows and ceiling fans throughout. 951 W Balboa is a charming vintage shingled cottage with a distinctive brick fireplace. The 3 bedroom and 3 bath home with shiplap walls, gorgeous Azul Macubas Quartzite slab countertops, backsplash and fireplace wall also has a finished attic space and enjoys a private back yard with retractable awning, loads of room for entertaining family and guests.The bright blue dutch door opens to 110 10th Street-a bright and airy 3 bed, 2 bath two story that takes full advantage of the amazing ocean and bay views. The second floor main bedroom with a soaring beamed ceiling opens to the roomy deck. There is an attached garage and laundry room. Just steps to Newport's bike path, miles of pristine beaches, Newport Elementary School, coffee, local market, library, Fun Zone and Balboa Island Ferry and shopping. It doesn't get any better than this- don't wait! Subject to Seller's 1031 exchange. Shown by appointment only.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T17:31:18.433. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
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951 W Balboa Boulevard Newport Beach, CA 92661

  • Price: $5,595,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 27 min ago
  • ID#: LG22121071
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1927
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
Fabulous find- two homes on a lot! Designed for creating memories with space for big family gatherings, will also generate income with very rare and hard to find SHORT TERM RENTAL PERMITS. 2 newly remodeled 3 bedroom houses on an oversized corner lot just one house from the oceanfront with ocean and bay views. Both homes feature wide plank floors, Shiplap walls, KitchenAid stainless steel appliances, farmhouse sinks, white cabinets, beautiful tiled baths, new light fixtures, skylights, windows and ceiling fans throughout. 951 W Balboa is a charming vintage shingled cottage with a distinctive brick fireplace. The 3 bedroom and 3 bath home with shiplap walls, gorgeous Azul Macubas Quartzite slab countertops, backsplash and fireplace wall also has a finished attic space and enjoys a private back yard with retractable awning, loads of room for entertaining family and guests.The bright blue dutch door opens to 110 10th Street-a bright and airy 3 bed, 2 bath two story that takes full advantage of the amazing ocean and bay views. The second floor main bedroom with a soaring beamed ceiling opens to the roomy deck. There is an attached garage and laundry room. Just steps to Newport's bike path, miles of pristine beaches, Newport Elementary School, coffee, local market, library, Fun Zone and Balboa Island Ferry and shopping. It doesn't get any better than this- don't wait! Subject to Seller's 1031 exchange. Shown by appointment only.
Exterior Features

Architectural Style Bungalow Carport Spaces 1 Carport YN Yes Construction Materials Board & Batten SidingShingle Siding Entry Level 1 Entry Location 1 Exterior Features Awning(S)Rain Gutters Fencing BlockVinylWood Foundation Details RaisedSlab Lot Features Back YardCorner LotLevelStreet LevelYard Number Of Separate Electric Meters 1 Other Structures Two On A Lot Parking Features Attached CarportDirect AccessDoor-SingleGaragePrivateGarage Faces RearSee Remarks Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Alley Paved Roof Composition Spa Features None Spa YN No View BayOcean View YN Yes Waterfront Features Beach AccessOcean Side Of FreewayOcean Side Of Highway

Interior Features

Accessibility Features None Appliances DishwasherGas CooktopDisposalRange HoodTankless Water Heater Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring See Remarks Heating Forced Air Heating YN Yes Interior Features Built-In FeaturesCeiling Fan(S)Living Room Deck AttachedStone CountersUnfurnishedAtticBedroom On Main LevelMain Level Master Window Features Double Pane WindowsSkylight(S)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsGutter(S)Storm Drain(S)Street LightsSuburbanSidewalksWater Sports Contingency Subject To Seller's 1031 Exchange. Disclosures Coastal ZoneLicensed Vacation Rental Electric Electricity - On PropertyStandard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 265719 Insurance Expense 0 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupInsideIn GarageStacked Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 206000 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 0 Operating Expense 0 Possession Close Plus 2 Days Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable Tv Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning R2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T17:31:18.433. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Victoria Lee of Compass () and Brad Barker of Compass(949-438-4340)